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Fund type
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Money Market fund
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Risk category
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Very low
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Recommended investment period
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up to 1 year
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Potential return available – risk assumed in case of OTP Classic fund to the other funds of OTP Capital.
Whom do we recommend it?
Because of the fund’s low risk level and high liquidity we recommend it to those investors who would like to invest there temporary free money in an easy-to-access, flexible investment, which can provide returns nearest to term bank deposits.
Fund’s documents
The fund’s prospectus and reports are publicly available and can be downloaded at the Asset Management Company site as well as at the fund’s sales points (at the designed branches of OTP Bank).
Investment strategy
Managers of OTP Capital that manage OTP Classic fund assets direct all their efforts for forming high liquidity diversified portfolio. Fund assets are invested in the stablest and reliable financial instruments which bring a fixed income – the state, municipal and corporate bonds, and also bank deposits. Fund assets are distributed so, that at preservation of the general low risk level on a portfolio, to provide the greatest possible income.
Taxation
The incomes, received by fund from investment, are continuously reinvested by a management company, thus the fund is released of tax payment on profit. Investors receive the income as a difference between a purchase price and redemption which, according Ukrainian legislation is taxed under the rate of 15%.
Unit price, access to the information
Net asset value (NAV) displays a cumulative commercial value of all assets which are in a fund portfolio reduced by fund expenses. The net asset value divided on quantity of purchased certificates, displays cost of one unit.
NAV and unit price of OTP Classic fund settles up and published every working day. This information is accessible on a management company site; in branches OTP of Bank which attend to distribution of securities OTP Capital; also you can learn unit price in the interactive voice menu (IVR) of OTP Bank information centre.
Flexible investment period
OTP Classic is open-ended fund, with recommended term of investment up to 1 year. You may place you savings to be invested in our fund on any banking day (purchase of units). At the same time, you can increase (additional purchasing) or decrease (selling) volume of the investments every working day.
Distributing without additional commissions
Acquisition of investment certificates of OTP Classic in OTP Bank branches occurs without the purchase commission. At the same time, at return sale in OTP Bank branches the commission will be kept at a rate of 1 % from the paid sum.
Low «input threshold»
The minimum investment into fund is only one investment certificate, thus, you have a possibility, both to get, and to sell any quantity of investment certificates of OTP Classic fund.
Safety
Securities of all investment funds under OTP Capital management are dematerialased. Before investment in funds it will be offered to you to open the securities account in ÎÒP Bank. On such account any securities which are dematerialised can be stored. In practice it means that your securities cannot be damaged or lost. Access to the securities account has only that person, on whose name it is opened.
Also available to legal entities and organizations
The OTP Classic fund is not a legal entity, and it means that both private clients and legal entities available to invest their temporarily free money into fund. At the same time, fund certificates can be sold both to residents of Ukraine, and non-residents.
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